PPP Loan information for Old town school of folk music inc.

$1,484,762

Old town school of folk music inc. was initially approved for PPP Loan of amount $1,484,762, the current approved amount is $1,484,762. The loan was approved on 02/07/2021 by The Old National Bank reported 270 jobs and $1,484,762 was used to fund payroll.

Old town school of folk music inc. is Existing or more than 2 years old

PPP Loan Search / IL / Chicago / Old town school of folk music inc.

OLD TOWN SCHOOL OF FOLK MUSIC INC.

Date Approved

02/07/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

OLD TOWN SCHOOL OF FOLK MUSIC INC.

Borrower Address

4544 N Lincoln Ave

Borrower City

Chicago

Borrower State

IL

Borrower Zip

60625-2103

Loan Status Date

05/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1484762.00

Current Approval Amount

1484762.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chicago

Project County Name

COOK

Project State

IL

Project Zip

60625-2103

CD

IL-05

Jobs Reported

270

NAICS Code

611610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1484759.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1502950.33

Forgiveness Date

04/26/2022

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